Christopher Gruseke Sells 5,056 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CEO Christopher Gruseke sold 5,056 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $49.79, for a total transaction of $251,738.24. Following the completion of the transaction, the chief executive officer owned 172,147 shares of the company’s stock, valued at $8,571,199.13. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Bankwell Financial Group Trading Up 0.7%

Shares of BWFG stock opened at $48.42 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $48.04 and a two-hundred day moving average price of $44.87. Bankwell Financial Group, Inc. has a 12-month low of $26.39 and a 12-month high of $51.54. The firm has a market cap of $381.55 million, a P/E ratio of 10.91 and a beta of 0.70.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $30.32 million for the quarter, compared to the consensus estimate of $28.06 million. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.40%.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 10th. Bankwell Financial Group’s payout ratio is presently 18.02%.

Institutional Trading of Bankwell Financial Group

Large investors have recently modified their holdings of the business. Empowered Funds LLC raised its position in Bankwell Financial Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock valued at $642,000 after purchasing an additional 702 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Bankwell Financial Group in the 1st quarter worth approximately $250,000. Strs Ohio purchased a new position in shares of Bankwell Financial Group during the first quarter valued at approximately $148,000. Acadian Asset Management LLC raised its holdings in shares of Bankwell Financial Group by 5.5% during the second quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank’s stock valued at $3,357,000 after acquiring an additional 4,890 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Bankwell Financial Group by 5.4% during the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock valued at $5,744,000 after acquiring an additional 8,178 shares in the last quarter. 35.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Hovde Group increased their target price on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bankwell Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.